19968, Milton, DE

The 19968 zip code of Milton, DE has a median home value of $146,000. This is a decrease from the median home value of $157,500 in 2007. The percentage of homes in this zip code that are worth over $200,000 has increased from 10% to 15%. The percentage of homes in this zip code that are worth under $100,000 has decreased from 60% to 50%.

There are several factors that may have contributed to the decrease in home values in this zip code. One reason could be the increase in foreclosures and short sales which have made it more difficult for buyers to purchase homes. Additionally, there may be a lack of available inventory due to stricter lending standards and stricter mortgage requirements.

Despite these challenges, there are still some homeowners who have been able to benefit from the decreased prices by refinancing or purchasing their home at a lower price than it was originally sold for. Overall, while home values have decreased in this particular area over the past few years, they continue to remain relatively stable when compared with other areas throughout Delaware.